Amazon Cuts 16,000 Jobs in Latest Round of Layoffs
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By Dietrich Knauth Jan 28 (Reuters) - Ecommerce giant Amazon and high-end brands LVMH and Chanel have been appointed to Saks Global's newly formed creditors committee, which will give them a stronger voice in the luxury retailer's bankruptcy restructuring.
Initial reports about the latest round of job cuts had not provided specifics about the geographies and departments that are likely to be affected, but now, internal communications from the e-commerce giant has shed some light on the same.
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